Protecting Your Assets with QTIPS
Posted on May 11, 2016 3:20pm PDT
Drafting a prenuptial agreement is one of the many ways a married couple
can protect their assets. While filing a prenuptial agreement is great
way to ensure you're protected, there is a way to further protect
your assets if you're interested.
Qualified Terminable Interest Property Trusts (QTIPS) are commonly used
in connection with prenuptial agreements when a couple wishes to ensure
their assets, property, and wishes have additional protection. QTIPS are
a type of trust that specifies the beneficiaries of an estate after one
spouse passes away. These trusts are created to ensure surviving spouses
receive income, but do not give them control over how the deceased's
assets are distributed.
If you are interested in protecting your assets, a Jacksonville martial
contracts lawyer at Hutchinson Law can help. Whether you are interested
in drafting a
postnuptial agreement, or QTIP, we can help you identify which assets you which to protect and
who you would like controlling your assets after your death. From there,
we can begin drafting the appropriate paperwork customized to your specifications.
Contact an attorney at Hutchinson Lawtoday to learn more about our services!